Qatar Shipping Co., a marine freight transportation company, said 2007 full-year profit increased 35 percent. Net income advanced to 621.4 million riyals ($170.8 million), or 6.21 riyals a share, from 458.6 million riyals, or 4.59 riyals, the Qatari company said in a filing to the Doha Securities Market today.
The company plans to issue a cash dividend of 3.5 riyals a share and give one bonus share for every 10 held, the company said in the statement.
The company plans to issue a cash dividend of 3.5 riyals a share and give one bonus share for every 10 held, the company said in the statement.